Yves here. While this article makes an important point about how Musk is trying to seize governmental control from the professional-managerial class (particularly lawyers) and top figures in key power groups (industry, finance, Serious Economists, state officials, what Black Agenda...
From election day, five year inflation breakeven up 33 bps; EPU up 231. What could go wrong? Figure 1: Top graph – EPU (blue), 7 day centered moving average (red); bottom graph – five year Treasury-TIPS breakeven (blue), and KKW...
From NBC News. I know the Trump Administration doesn’t care about ordinary people dying from malnutrition, lack of access to health care, plane crashes, and radiation exposure, but I would’ve thought they cared about the interests of agribusiness, and —...
By Lambert Strether. Bird Song of the Day Brown Thrasher, Indian Springs WMA, two-track road, Washington, Maryland, United States. “Adult male Brown Thrasher singing from lower branches of a Sycamore tree near the road.” * * * In Case You...
From the abstract to the paper: Define a perfect recession predictor as one that correctly predicts every recession and does not falsely signal a recession when one does not occur. The benchmark spreads (10-year minus 2-year and 10-year minus 3-month...
Martin Wolf, the long-standing chief economics commentator at the Financial Times, had a meltdown of sorts in his latest column, which as shown above is titled We must fund oppositions properly to save democracy. Because Wolf has been at this...
If Milei is willing to rob not only his own citizens but his own fanbase in the broadest of possible daylight, what else is he capable of? It takes just a minute to launch a meme coin. The tricky thing...
NT insect collection opens doors to citizen scientists to share knowledge, deepen ties around biosecurity ABC Australia (Kevin W) To better understand the world, follow the paths of mathematics aeon (Chuck L) Chuck L: “Potentially game-changing information conveyed in an...
as measured by Baker, Bloom and Davis’s EPU. I was in Europe, and conversations were in high gear about how things now seemed. And text mining confirms: Figure 1: US EPU (blue), Global EPU (GDP weighted at market exchange rates)...
Yves here. I have retitled the post by John Ruehl because I regard the original title, which reflects the positioning of the piece to be misleading. Ruehl, playing on xenophobia, had declared: Foreign Companies Are Driving the Global Privatization of...
